FTE Networks, Inc.(OTCQX: FTNW) ("FTE" or the "Company"), a leading network infrastructure solutions provider in the technology and communications industries, today announced that it has secured master services agreements ("MSAs") with three multibillion-dollar telecommunications network integrators to support fiber network and inside plant build-outs in the Denver market. One MSA is new and two are expanding under existing MSAs. These agreements extend the Company's footprint in the Denver region, strengthen its regional dominance, and add to the Company's ISP (inside plant) line of business, which is the Company's higher-margin operation.
Two of the network integrators are multibillion-dollar U.S. corporations that provide infrastructure for broadcasting, mobile telephones, and wireless broadband including small cell, traditional cell sites, rooftop sites and indoor/outdoor distributed antenna systems. They provide mobile telephone coverage to all of the top 100 markets in the U.S. on behalf of service providers such as Verizon, AT&T Mobility, Sprint, and T-Mobile. The other corporation is a global telecommunications company that has been in operation for more than 140 years and has customers in over 180 countries.
These MSAs strengthen the six-month backlog of $234MM that FTE, combined with its recently acquired subsidiary, Benchmark Builders, Inc. ("Benchmark"), had as of June 2, 2017.